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CMA Inter Paper 5 Business Laws and Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws and Ethics Exam

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About this Exam

Prepare with the CMA Inter Paper 5 Business Laws and Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws and Ethics Exam practice quiz. This question bank includes 100 questions covering contract, indian, company, companies, and goods. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under Section 10 of the Indian Contract Act, 1872, which one of the following is NOT an essential element required to make an agreement a valid contract?
Free consent of the parties
Lawful consideration and lawful object
The agreement must be in writing and registered in every case
Competency of the parties to contract
Question 2
An offer that is communicated through an advertisement promising a reward to anyone who performs a specified act is best classified under the Indian Contract Act, 1872 as a:
Specific offer
Counter offer
General offer
Cross offer
Question 3
Under Section 7 of the Indian Contract Act, 1872, to convert a proposal into a promise the acceptance must be:
Absolute and unqualified
Conditional upon further negotiation
Communicated only after performance is complete
Made by silence of the offeree
Question 4
A contract entered into by a minor under the Indian Contract Act, 1872, as settled in Mohori Bibee v. Dharmodas Ghose, is:
Voidable at the option of the minor
Void ab initio
Valid but unenforceable against the minor only
Enforceable once the minor attains majority
Question 5
Consideration that consists of an act or promise relating to the past, given before the promise was made, is treated under the Indian Contract Act, 1872 as:
Executory consideration
Unlawful consideration
Past consideration, which is valid in India
Inadequate consideration that is void

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Additional Information

CMA Inter Paper 5 Business Laws and Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws and Ethics Exam

This practice set contains 100 questions from the matching question bank and focuses on contract, indian, company, companies, and goods. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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